Blockchain technology is currently in the process of taking the entire world by a storm. Its growth is only expected to increase at an ever more frantic pace, and it is forecasted that it might hit a staggering twenty billion dollars within the next half-decade.

Basically, a blockchain may be easily defined as a fully digital and decentralized form of a public ledger of any and all digital currency transactions. In a blockchain, every block by itself stores critical records that once completed, is added right back onto the same blockchain permanently. Basically, this practice ensures that any and all records can easily be verified relatively independent of the central network itself. Another advantage is that the same cannot easily be hacked, and can be verified publicly as well.

Importance to startups

From the fresh startups’ point of view, this unique technology can easily help create a business model that is not just near completely transparent but can also solve existing operating inefficiencies as well. It is in a position to offer an increasingly more secure transaction when compared to many other technologies available today. Thanks to these outstanding advantages, many startups are now redefining their business models in their entirety and simultaneously incorporating the blockchain technology into the very foundation of their entrepreneurial ventures.

This has inevitably led to a huge surge in the creation of highly innovative and diverse new startups that have been built on and around the blockchain itself.

Let us take a look at some of the more promising blockchain startups that have shown a huge potential for growth in the comings years.

The innovative ‘BlockchainTaxi’

The commercial Arial photography drone market is expected to steadily increase its marketing share in the photography and videography world, exponentially. Apart from that, drones are now also being used as passenger taxies for both commercial and civilian drone flights.

Blockchain Taxi is now using both blockchain technology as well as historical flight data in a bid to optimize both commuter and cargo air travel, around the key parameters of security, safety, and reliability.

TraDove: the front-runner for B2B blockchain solutions

TraDove is singularly unique due to the fact that it is the very first blockchain based startup that has been designed to focus on B2B or business to business tokens and solutions.The core purpose of TraDove is to help B2B blockchain solutions become more mainstream and transparent by allowing them the sharing of references as well as endorsements for many different products, companies and even people.

ConnectJob: A fast emerging blockchain job connection network

ConnectJob is currently using blockchain technology in its bid to effectively revolutionize the world’s labor networks courtesy a highly-decentralized marketplace based on peer to peer interactions.

The above blockchain startups are just the tip of the iceberg when it comes to employing this technology in all spheres of professional life.